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I hear your idea of weeding the fraudsters and gamblers out, but democracy of money aka bitcoin (kind of) is all inclusive (kind of). It just needs checks and b
by andirk 4y ago
I hear your idea of weeding the fraudsters and gamblers out, but democracy of money aka bitcoin (kind of) is all inclusive (kind of). It just needs checks and balances so it doesn't get gamed. If you took all the gamblers, fraudsters, manipulators, bad actors, evil horrible people out of US stonks, it would also be better, more reliable, more useful, more honest.
- kragen 4y agoIt would be more honest, but the spreads would be a lot wider. Also you'd be structurally denying those evil horrible people the ability to save money in the asset class with the highest returns over a normal working lifetime, which is probably a disproportionate level of punishment for gambling.
- hnfong 4y agoWhen the only operations you can do is place buy and sell orders at a certain price, I'd say it's really hard to be evil even if you wanted to.